FURNITURE group MFI showed its recovery remained on track as it reported a good start to the year.
Chief executive officer John Hancock told a meeting of analysts and investors in Speke, Liverpool, that orders had continued to be "strong and in line with expectations" since January. Two years ago, the firm suffered a severe wobble after posting pre-tax losses of £24.8m.
But the group posted pre-tax profits of £45.4m for last year, buoyed by a new management team and new products.
In March, Mr Hancock put like-for-like sales growth in the first weeks of the current financial year at 6.4 per cent.
MFI's store in Speke was the first in the group's portfolio to be developed by Conran store design. Five more out-of-town furniture centres are due to trial the design
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